XIG.TO vs. FCSB.NEO
XIG.TO (iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged)) and FCSB.NEO (Fidelity Canadian Short Term Corporate Bond ETF) are both Corporate Bonds funds - XIG.TO tracks the Markit iBoxx USD Liquid Investment Grade Total Return Index Hedged in CAD while FCSB.NEO tracks the FTSE Canada Short Term Corporate Bond 5% Capped Index. Both are passively managed. Over the past 5 years, XIG.TO returned -1.19%/yr vs 2.93%/yr for FCSB.NEO. At a 0.30 correlation, their price movements are largely independent. XIG.TO charges 0.32%/yr vs 0.44%/yr for FCSB.NEO.
Performance
XIG.TO vs. FCSB.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, XIG.TO achieves a -0.11% return, which is significantly lower than FCSB.NEO's 1.45% return.
XIG.TO
- 1D
- 0.18%
- 1M
- 0.44%
- YTD
- -0.11%
- 6M
- -0.46%
- 1Y
- 3.57%
- 3Y*
- 3.45%
- 5Y*
- -1.19%
- 10Y*
- 1.47%
FCSB.NEO
- 1D
- 0.00%
- 1M
- 0.96%
- YTD
- 1.45%
- 6M
- 1.35%
- 1Y
- 3.60%
- 3Y*
- 5.92%
- 5Y*
- 2.93%
- 10Y*
- —
XIG.TO vs. FCSB.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XIG.TO iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged) | -0.11% | 5.93% | -0.39% | 8.08% | -18.91% | -1.72% | 9.75% | 1.58% |
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF | 1.45% | 4.15% | 7.55% | 6.81% | -4.22% | -0.81% | 6.26% | 0.82% |
Correlation
The correlation between XIG.TO and FCSB.NEO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2019 | 0.30 |
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Return for Risk
XIG.TO vs. FCSB.NEO — Risk / Return Rank
XIG.TO
FCSB.NEO
XIG.TO vs. FCSB.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIG.TO) and Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| XIG.TO | FCSB.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 2.29 | -1.31 |
| Martin ratioReturn relative to average drawdown | 2.54 | 8.44 | -5.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XIG.TO | FCSB.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 1.35 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.89 | -1.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.65 | -0.19 |
Drawdowns
XIG.TO vs. FCSB.NEO - Drawdown Comparison
The maximum XIG.TO drawdown since its inception was -25.49%, which is greater than FCSB.NEO's maximum drawdown of -12.48%. Use the drawdown chart below to compare losses from any high point for XIG.TO and FCSB.NEO.
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Drawdown Indicators
| XIG.TO | FCSB.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.49% | -12.48% | -13.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.66% | -1.58% | -2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -8.50% | -1.58% | -6.92% |
Max Drawdown (5Y)Largest decline over 5 years | -25.48% | -7.44% | -18.04% |
Max Drawdown (10Y)Largest decline over 10 years | -25.49% | — | — |
Current DrawdownCurrent decline from peak | -9.22% | 0.00% | -9.22% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -1.50% | -3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 0.43% | +0.98% |
Volatility
XIG.TO vs. FCSB.NEO - Volatility Comparison
iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIG.TO) has a higher volatility of 1.75% compared to Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) at 0.92%. This indicates that XIG.TO's price experiences larger fluctuations and is considered to be riskier than FCSB.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XIG.TO | FCSB.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 0.92% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 4.10% | 2.05% | +2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.53% | 2.69% | +2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.48% | 3.30% | +5.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.92% | 4.96% | +3.96% |
XIG.TO vs. FCSB.NEO - Expense Ratio Comparison
XIG.TO has a 0.32% expense ratio, which is lower than FCSB.NEO's 0.44% expense ratio.
Dividends
XIG.TO vs. FCSB.NEO - Dividend Comparison
XIG.TO's dividend yield for the trailing twelve months is around 4.33%, more than FCSB.NEO's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF | 3.78% | 3.73% | 3.59% | 3.06% | 2.09% | 1.58% | 2.34% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
XIG.TO iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged) | 4.33% | 4.33% | 4.45% | 3.88% | 3.23% | 2.21% | 2.62% | 3.07% | 3.42% | 2.87% | 3.27% | 3.10% |
Frequently Asked Questions
XIG.TO and FCSB.NEO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIG.TO is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIG.TO is cheaper with a 0.32% expense ratio, compared with 0.44% for FCSB.NEO.
XIG.TO tracks Markit iBoxx USD Liquid Investment Grade Total Return Index Hedged in CAD, while FCSB.NEO tracks FTSE Canada Short Term Corporate Bond 5% Capped Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.32% for XIG.TO and 0.44% for FCSB.NEO.
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